I do not think that we are going to end up with something that would be just all about this at all. I think it's obvious that we are not going to get anything even remotely close to this at all. Realize that crypto is a lot more than this and you are going to end up with a lot more indicators that will provide you with something bigger and something smaller. I understand that we are going to end up with more stuff to take care of when we are talking about a bigger deal.
I know that it is not going to end up with a good return, but as long as it can happen, we should realize that we need to be a lot more careful. If you look at just one thing like this, then you are going to end up with a loss because you forgot to check other stuff.
Topic: It's all about monthly low and monthly high my limit orders btc (Read 141 times)
August 19, 2023, 04:39:06 AM
It is far from a fact that monthly high and monthly low trading will always bring you profit. This trend may change and the market will not always move in this way. Perhaps you should establish a trading plan and take into account the risks that are bound to arise.
It's not far look at charts.
August 18, 2023, 11:27:54 AM
It is far from a fact that monthly high and monthly low trading will always bring you profit. This trend may change and the market will not always move in this way. Perhaps you should establish a trading plan and take into account the risks that are bound to arise.
August 18, 2023, 11:00:27 AM
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
That type of op trading pattern can be called swing trading. It is a long time trade and Op has made one month to be his time plan to go for his profit, nothing bad with such strategy and it has advantage for traders who don't want to frequently visiting the screen or they don't have chance for daily visit. What such traders follow is the weekly and monthly chart, candlestick formation for the week and month and they also analyse based on that.Trading is good to follow what works for you if it gives you profit.
August 18, 2023, 09:18:13 AM
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
Oh, marvelous!
So you just pull some numbers out of u know what voila you have a bulletproof strategy!
I'm wondering how you haven't even coined the strategy of buying low-selling high yet, I don't think anyone has thought of it yet!
The only thing I'm curious about is what kind of scam are you going to try to pull from this one!
I hope you have a lot of time to make expected profits and you're really trading.
He has a lot of time making alts every month, that's what he has.
Newbie comes with a revolutionary lending service, then opens topics about foreign currencies and tries to play the expert trading card.
At this point, I'm waiting till he starts numbering his alts ****1-99 cause it's so damn obvious just from his typing style.
August 18, 2023, 09:00:03 AM
^^^
Interesting to notice, I'm curious what high/low limits numbers would you set considering it's only 3 days at the start of the month.
I hope you have a lot of time to make expected profits and you're really trading.
Interesting to notice, I'm curious what high/low limits numbers would you set considering it's only 3 days at the start of the month.
I hope you have a lot of time to make expected profits and you're really trading.
August 18, 2023, 08:33:21 AM
It's all about monthly low and monthly high market priced in that way.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
So, you bought BTC at 27500$ yesterday and 28100$ too and are waiting now to reach 29800$ and 30100$ to earn 7% / 8%.My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
I think there is a real chance your sell orders will not be touched anymore this month. So your sell orders remain. Next month you set new pairs with new money.
You didn't mention how long you do this already, but there will be times you will have many open orders and need to invest more and more to follow your strategy.
At least it's not ideal to have no stop loss and no money management. You do not significantly profit - or avoid losses - if price go one direction.
At least I would recommend to do some DCA if prices go southwards and read a bit about money management (there are many ways to do it more smart).
The next month different orders the orders i mentioned are for this month only.
The next month orders i'll set at the end of this month or between the 1st-3rd dates of STARTING the new month.
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August 18, 2023, 08:02:38 AM
What the fuck, LoL, OP, did you miss the $25k dip? I am just checking the time you created this topic yesterday and the time the dip happened. If you already had your order executed before creating this thread, that means you did not buy at the low because the market dropped about six hours after you created this thread. These are the reasons why some experienced Bitcoiners usually say that those who invest in Bitcoin with the aim of making a profit within a short period of time will not really make much profit. If you are buying and selling less than 100 bitcoins for that range of your price target, then you will not really make much profit. Why not just accumulate your Bitcoin and hold it for a longer time until the bull market comes? If you are too hasty for a short-term profit, you might not be very profitable.
It's all about monthly low and monthly high market priced in that way.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
So, you bought BTC at 27500$ yesterday and 28100$ too and are waiting now to reach 29800$ and 30100$ to earn 7% / 8%.My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
I think there is a real chance your sell orders will not be touched anymore this month. So your sell orders remain. Next month you set new pairs with new money.
You didn't mention how long you do this already, but there will be times you will have many open orders and need to invest more and more to follow your strategy.
At least it's not ideal to have no stop loss and no money management. You do not significantly profit - or avoid losses - if price go one direction.
At least I would recommend to do some DCA if prices go southwards and read a bit about money management (there are many ways to do it more smart).
It's all about monthly low and monthly high market priced in that way.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
I have seen this type of trading strategy being used by some traders where they mark the chart as weekly open and weekly close. And they think the next week's market will sweep both the weekly highs and lows. Some traders mark the Monday High and the Monday Low and they think the market will grab the liquidity set on the first days of the week for the trading markets.
Similarly, you are playing with last month's high and low, which I think can be used as one of the confluences to take the trade along with many other measures of course. You cannot just use this to always trade as this is also not a 100% accurate way to place your trades.
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
If the btc hit my targets buy or sell i just take profit and set up same buy same sell orders.
If something is changing i'll see that but now the same low/high what i use.
Usually the price set monthly low/high Will hold at least the monthly low specially sideways market a lot fake bull and fake bears.
I follow what gives profit for me.
However, there are many strategies out there that makes someone profitable but I swear that not all strategies would work to all traders. If you're really profitable with your strategy, you can keep doing it. Trading is not just about strategies but also how we can really make profit in the market.
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
If the btc hit my targets buy or sell i just take profit and set up same buy same sell orders.If something is changing i'll see that but now the same low/high what i use.
Usually the price set monthly low/high Will hold at least the monthly low specially sideways market a lot fake bull and fake bears.
I follow what gives profit for me.
And if the Bitcoin price stays below your target price, you may be left behind to buy Bitcoin at a lower price because your target price is lower than the market price. You could set a buy price target in several orders and divide the money so that you can still make a profit if one price target is filled and the price immediately increases.
And please remember that the current situation tends to be sideways, so you could lower your buy and sell targets so they can be filled and make a profit. And try to analyze based on the movement of Bitcoin every day so you can see what the pattern is like.
I don't need that it's enough for me 2 orders buy sell orders for low and high.
I do with ETH Same way.
Tell me how the high low limit for this month you got? Did you just tell us that it's a new order you made today?
I think, if you use this kind of simple strategy, it makes more sense if it's for the next month's trading plan. But yeah, it still doesn't predict anything.
I think, if you use this kind of simple strategy, it makes more sense if it's for the next month's trading plan. But yeah, it still doesn't predict anything.
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
If the btc hit my targets buy or sell i just take profit and set up same buy same sell orders.If something is changing i'll see that but now the same low/high what i use.
Usually the price set monthly low/high Will hold at least the monthly low specially sideways market a lot fake bull and fake bears.
I follow what gives profit for me.
And if the Bitcoin price stays below your target price, you may be left behind to buy Bitcoin at a lower price because your target price is lower than the market price. You could set a buy price target in several orders and divide the money so that you can still make a profit if one price target is filled and the price immediately increases.
And please remember that the current situation tends to be sideways, so you could lower your buy and sell targets so they can be filled and make a profit. And try to analyze based on the movement of Bitcoin every day so you can see what the pattern is like.
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
If the btc hit my targets buy or sell i just take profit and set up same buy same sell orders.
If something is changing i'll see that but now the same low/high what i use.
Usually the price set monthly low/high Will hold at least the monthly low specially sideways market a lot fake bull and fake bears.
I follow what gives profit for me.
Trading using only a monthly high and monthly low won't make you profitable. Market will not always move in that way and there's no specific time when does it hit to a specific price. That's why we have to set a trading plan with proper risk management in trading to be successful. To gain confidence in your trade, you have to do backtesting no matter how many times until you're satisfied and prove to yourself that the trading plan you're using is really working. Remember, lack of confidence in trading will decrease the probability to win.
It's all about monthly low and monthly high market priced in that way.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
My btc orders just for this month buy 27500$ and 28100$
Sell order: 29800$ and 30100$ next month different monthly low/high prices.
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